ICONLOOP CEO JH Kim on what 2023 holds for crypto
Blockchain Today, a blockchain-focused media outlet, ran a special feature forecasting the 2023 blockchain market, and ICONLOOP CEO JH Kim shared his view in it. Here is what he had to say.
[Feature] 12 Industry Experts on the 2023 Crypto Market Outlook
2022 was the year crypto winter swept through — the war between Ukraine and Russia, the collapse of Terra and Luna, the bankruptcy of the FTX exchange, WEMIX being delisted from the Korean market. Where will the crypto market go in 2023? We asked 12 experts from across the blockchain industry.
JH Kim
CEO, ICONLOOP
BS in Computer Science and Engineering, POSTECH
In the multichain era, the commercialization of decentralized trustless bridges means appchains will draw far more attention and really come into their own from 2023 onward. An appchain is a blockchain network built for a single function or application, which gives you enough freedom to configure each feature exactly as you want and optimize the chain around the app.
I also expect connections between chains to move into full gear, and UX improvements to produce a chain-agnostic environment where you can use Web3 services without ever being conscious of which chain you are on.
On top of that, I expect the institutionalization of the blockchain industry to accelerate sharply in 2023. As the rules governing tokens such as STOs and NFTs become clearer, tax and accounting standards will settle into place, making token issuance and distribution viable.
Source: Blockchain Today (http://www.blockchaintoday.co.kr)
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